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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman Fuganto Widjaja, will float 10%-20% shares to the public via initial public offering (IPO) within the range price of Rp 2,300-Rp 3,500 after the miner seizes a strategic investor, insider stories says.
Golden Mines Corporate Secretary Eddy Salimah, as quoted by Bisnis Indonesia today, said the company is in talks with six potential strategic investors with one of them is Indian Coal India Ltd.
Coal India, the world’s largest coal miner, is in advanced talks to buy up to 40 per cent stake in Indonesia’s Golden Energy Mines in a deal valued between $750m and $1bn, an Indian paper says.
Dian Swastatika is 59.90 percent owned by PT Sinar Mas Tunggal, which is controlled by Fuganto Widjaja, son of Indonesian tycoon Indra Widjaja, and public shareholders holding the remaining stake.
DSSA is also controlling shareholder of PT Borneo Indobara with 99.07 percent ownership.
DSSA, parent company of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of this year as a result of higher revenue.
1Q Performance.
Dian Swastatika posted US$11.99 million net profit or US$0.016 per share in 1Q 2011 from US$1.96 million in 1Q 2010, a financial statement submitted to Indonesia Stock Exchange revealed, as quoted by Insider Stories.
Insider further said, operating profit of the company has surged 308.97 percent to US$19.59 million, while gross profit soared 173.55 percent to US$33.51 million. Dian Swastatika booked a 40.81 percent increase in revenue to US$135.14 million from US$95.97 million.
Golden Mines operate several mines in Sumatra as well as in Kalimantan.
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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- The University of Queensland
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
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